UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF
1934
For the month of June 2012
Commission File Number: 001-34225
VIMICRO
INTERNATIONAL CORPORATION
15/F Shining Tower
No. 35 Xueyuan Road, Haidian District
Beijing 100191, Peoples
Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F
x
Form
40-F
¨
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1):
¨
Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
¨
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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VIMICRO INTERNATIONAL CORPORATION
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By:
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/s/ John Zhonghan Deng
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Name:
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John Zhonghan Deng
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Title:
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Chairman and Chief Executive Officer
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Date: June 14, 2012
Exhibit Index
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Exhibit
No.
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Description
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Exhibit 99.1
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Press Release
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Exhibit 99.1
Vimicro Announces First-Quarter 2012 Results
BEIJING, China June 13, 2012
Vimicro International Corporation (NASDAQ: VIMC) (Vimicro or the Company), a leading PC-camera processor and IP-based surveillance solution provider, today announced the results for the first quarter ended
March 31, 2012.
First-Quarter 2012 Results
Net revenue in the first quarter of 2012 was $11.6 million, as compared to net revenue from continuing operations of $12.1 million in the first quarter and $16.4 million in the fourth quarter, both of
2011. (Results for 2011 have been adjusted for continuing operations to reflect the divestiture of the mobile-phone multimedia processor business, which was completed in the fourth quarter of 2011.) The 4.1% year-over-year revenue decrease was due
to lower revenues in the PC/notebook business due to product mix, slightly offset by modestly higher revenues in the surveillance business year over year.
Gross profit in the first quarter was $3.5 million, as compared with $4.1 million in the year-ago quarter. The gross margin in the first quarter was 30.6%, compared with 33.6% in the year-ago quarter,
owing to price declines in both segments.
Operating expenses in the first quarter of 2012 were $9.0 million, as compared to $10.7 million in
the year-ago quarter. Operating expenses decreased year-over-year due to the success of the Companys cost-reduction program. The non-GAAP net loss attributable to Vimicro International Corporation, was $3.5 million, or approximately $0.10 per
ADS, as compared to a loss attributable to Vimicro of $2.4 million, or $0.07 per ADS from continuing operations in the year-ago quarter.
As
of March 31, 2012, the Company had cash and cash equivalents of approximately $24.8 million, held-to-maturity securities of $13.3 million, and restricted cash of $8.6 million, totaling $46.7million. Total current assets were approximately $95.6
million, and Vimicro had working capital of approximately $65.8 million and $1.1 million of notes payable and $4.8 million of long-term bank loans on its balance sheet, as of March 31, 2012.
Dr. John Deng, Vimicros Chairman and Chief Executive Officer, commented, In the first quarter, we began to see the early results of the
business adjustments we have made over the past two years and the cost reductions we have put in place. Our PC/camera business has stabilized, and we are encouraged by growth in our surveillance business alongside the China Ministry of Public
Securitys endorsement of the SVAC standard. We believe Chinas Safe City Projects will adopt the SVAC standard with the Fuzhou Municipal Government being the first one.
Summary of Full-Year and Fourth-Quarter 2011 Results
Total net revenue in the fourth quarter of 2011, including continuing and discontinued operations, was $22.0 million, which was in the guidance range of
$22 to $25 million provided in the third-quarter earnings release.
Results for 2010 and 2011 have been adjusted for continuing operations to
reflect the divestiture of the mobile-phone multimedia processor business, which was completed in the fourth quarter. Revenues for full-year 2011 from continuing operations were $63.7 million, as compared to $76.5 million in 2010. Although our
surveillance business grew more than 100% in 2011 with revenue increased from $7.8 million to $16.8 million, due to weak economic environment worldwide and the corresponding decreases in our PC camera business, our revenue for 2011 declined by
16.7%.
The loss attributable to Vimicro from continuing operations in 2011 was $15.6 million or $0.43 per ADS, of which $6.6 million was
related with asset impairment charges or approximately $0.18 per ADS.
Business Outlook
For the second quarter of 2012, Vimicro expects revenues to increase approximately 40% from the first quarter of 2012. As a result of the Companys
continued cost reduction efforts, Vimicro expects a non-GAAP net loss attributable to Vimicro Corporation to be around $1.5 million for the second quarter of 2012.
First-Quarter Earnings Release and Conference Call Information
The Company plans to
release its first-quarter 2012 results on Wednesday, June 13 before market opens. The Company will also hold a conference call at 8:00 a.m. EDT on Wednesday, June 13, 2012, to discuss results for its first quarter ended March 31,
2012.
To participate in the conference call, please dial one of the following numbers five to ten minutes prior to the scheduled conference
call time: (800) 573-4752 or (617) 224-4324. The conference call ID number is 93752723.
If you are unable to participate in the
call at this time, a replay will be available starting on Wednesday, June 13, 2012 at 10:00 a.m. Eastern Daylight Time, through 11:59 p.m. Eastern Daylight Time Wednesday, June 20, 2012. To access the replay, dial (888) 286-8010 or
(617) 801-6888. The conference call ID number is 23604276.
This conference call will also be broadcast live over the Internet and can be
accessed by all interested parties by clicking on http://www.media-server.com/m/p/r4rx5636. Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software.
About Vimicro International Corporation
Vimicro International Corporation is a leading multimedia semiconductor and solution provider that designs, develops and markets mixed-signal semiconductor products and system-level solutions that enable
multimedia capabilities in a variety of products for PC/Notebook, consumer electronics and surveillance markets. Vimicro is aggressively expanding business into the surveillance market with system-level solutions and semiconductor products to
capitalize on Chinas domestic demand. Vimicros ADSs, each of which represents four ordinary shares, are currently trading on the NASDAQ Global Market under the ticker symbol VIMC.
Forward-Looking Statements
This
announcement contains forward-looking statements. These statements are made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology
such as will, expects, anticipates, future, intends, plans, believes, estimates, confident and similar statements. Among other things, the
quotations from management in this announcement, as well as Vimicros expectations and forecasts, contain forward-looking statements. Vimicro may also make written or oral forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission on forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that
are not historical facts, including statements about Vimicros beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking statement, including but not limited to the following: the companys ability to develop and sell new mobile multimedia products; the expected growth of the mobile multimedia market;
the companys ability to increase sales of notebook camera multimedia processors; the companys ability to retain existing customers and acquire new customers and respond to competitive market conditions; the companys ability to
respond in a timely manner to the evolving multimedia market and changing consumer preferences and industry standards and to stay abreast of technological changes; the companys ability to secure sufficient foundry capacity in a timely manner;
the companys ability to effectively protect its intellectual property and the risk that it may infringe on the intellectual property of others; and cyclicality of the semiconductor industry. Further information regarding these and other risks
is included in Vimicros annual report on Form 20-F filed with the Securities and Exchange Commission. Vimicro does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information
provided in this press release is as of the date hereof, and Vimicro undertakes no duty to update such information, except as required under applicable law.
Non-GAAP Measures
To supplement the consolidated financial statements presented in accordance with GAAP, Vimicro uses non-GAAP measures of non-GAAP (loss)/income from operations, non-GAAP net (loss)/income attributed to
Vimicro International Corporation and non-GAAP diluted net (loss)/income per ADS, which are adjusted from the most directly comparable financial measures calculated and presented in accordance with GAAP to exclude amortization of share-based
compensation expenses, inventory reserves related to divested assets and discontinued operations. These non-GAAP financial measures are provided to enhance investors overall understanding of the companys financial performance as they
exclude share-based expenses that are not expected to result in future cash payments. The non-GAAP measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to
GAAP results. A limitation of using these non-GAAP financial measures is that these non-GAAP measures exclude share-based compensation charges that have been and will continue to be significant recurring expenses in our business for the foreseeable
future. We compensate for these limitations by providing the relevant disclosure of our share-based compensation charges in our reconciliations to the GAAP measures. For more information on the non-GAAP financial measures, please see the tables
captioned Reconciliation of non- GAAP results of operations measures to the nearest comparable GAAP measures set forth at the end of this release.
Vimicro believes that both management and investors benefit from referring to these non-GAAP measures in assessing the performance of Vimicros liquidity and when planning and forecasting future
periods. These non-GAAP financial measures also facilitate managements internal comparisons to Vimicros historical liquidity. Vimicro computes its non-GAAP financial measures using the same consistent method from quarter to quarter. The
accompanying tables have more details on the GAAP financial measures that are most comparable to non-GAAP financial measures and the related reconciliations between financial measures.
Currency Translation
This announcement contains translations of certain RMB amounts into
U.S. dollars. Unless otherwise noted, all translations from RMB to U.S. dollars are based on the applicable exchange rates quoted by the Bank of China which was RMB 6.3009 to $1.00 on December 31, 2011, and RMB 6.2943 to $1.00 on March 31,
2012.
Financial tables follow
Vimicro International Corporation
Consolidated Balance Sheets
(Amounts expressed in thousands of U.S. dollars,
except number of share data)
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3/31/2012
(unaudited)
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12/31/2011
(audited)
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12/31/2010
(audited)
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Assets
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Current assets:
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Cash and cash equivalents
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24,800
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49,227
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69,491
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Short-term time deposits
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12,380
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Held-to-maturity securities
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13,345
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Restricted cash
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8,598
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3,520
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4,958
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Marketable equity securities
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|
|
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|
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|
|
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1,436
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Accounts and notes receivable, net of provision for doubtful accounts of $418,$1,822 and $2,069 as of December 31,
2010, December 31, 2011 and March 31, 2012, respectively
|
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17,138
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|
|
|
17,895
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|
|
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18,647
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Amounts due from related party
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|
5,799
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|
|
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4,831
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|
|
|
10,465
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Inventories
|
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|
20,748
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|
|
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18,734
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|
|
|
13,751
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Prepayments and other current assets, net of provision for doubtful accounts of $18, $162 and $181 as of December 31,
2010, December 31, 2011 and March 31, 2012, respectively
|
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4,861
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|
|
|
4,057
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|
|
|
4,191
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Deferred tax assets
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|
|
356
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|
|
|
356
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|
|
|
2
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Total current assets
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|
|
95,645
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|
|
|
98,620
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|
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135,321
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Investment in an unconsolidated affiliate
|
|
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1,515
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|
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1,520
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|
87
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Property, equipment and software, net
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14,163
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14,266
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9,600
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Land use rights
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|
21,434
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|
|
21,488
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|
|
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20,703
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Intangible assets, net
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|
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|
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|
|
|
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2,929
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Goodwill
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|
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|
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2,082
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Deferred tax assets-non current
|
|
|
112
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|
|
|
112
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|
|
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Other assets
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|
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1,292
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|
|
|
1,291
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|
|
|
1,203
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Total assets
|
|
|
134,161
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|
|
|
137,297
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|
|
|
171,925
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|
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|
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|
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Liabilities and Shareholders Equity
|
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Current liabilities:
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|
|
|
|
|
|
|
|
|
|
|
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|
|
|
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Accounts payable
|
|
|
8,606
|
|
|
|
9,280
|
|
|
|
7,378
|
|
Notes payable
|
|
|
1,064
|
|
|
|
1,013
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|
|
|
30
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|
Amounts due to related party
|
|
|
964
|
|
|
|
963
|
|
|
|
4,848
|
|
Taxes payable
|
|
|
1,370
|
|
|
|
1,209
|
|
|
|
1,001
|
|
Advances from customers
|
|
|
2,359
|
|
|
|
1,916
|
|
|
|
291
|
|
Accrued expenses and other current liabilities
|
|
|
7,206
|
|
|
|
8,333
|
|
|
|
7,613
|
|
Deferred government grant
|
|
|
8,254
|
|
|
|
5,910
|
|
|
|
4,550
|
|
Total current liabilities
|
|
|
29,823
|
|
|
|
28,624
|
|
|
|
25,711
|
|
Non-Current liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
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Deferred tax liabilities
|
|
|
33
|
|
|
|
33
|
|
|
|
40
|
|
Product warranty
|
|
|
328
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|
|
|
300
|
|
|
|
142
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|
Long-term bank loan
|
|
|
4,763
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|
|
|
|
|
|
|
|
|
Total liabilities
|
|
|
34,947
|
|
|
|
28,957
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|
|
|
25,893
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|
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|
|
|
|
|
|
|
|
|
|
|
|
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|
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Commitments and contingencies
|
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|
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|
|
|
|
|
|
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Shareholders equity:
|
|
|
|
|
|
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|
|
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Ordinary shares, $0.0001 par value, 500,000,000 shares authorized, 147,135,996, 139,953,296 and 127,743,748 shares issued and
outstanding as of December 31, 2010, December 31, 2011 and March 31, 2012, respectively
|
|
|
15
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|
|
|
15
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|
|
|
15
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|
Additional paid-in capital
|
|
|
159,059
|
|
|
|
158,879
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|
|
|
156,415
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|
Treasury stock
|
|
|
(10,309
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)
|
|
|
(6,490
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)
|
|
|
(3,836
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)
|
Accumulated other comprehensive income
|
|
|
12,865
|
|
|
|
12,850
|
|
|
|
12,383
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|
Accumulated deficit
|
|
|
(86,306
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)
|
|
|
(82,630
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)
|
|
|
(54,430
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)
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Statutory reserve
|
|
|
2,782
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|
|
|
2,782
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|
|
|
2,782
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|
Total shareholders equity attributable to Vimicro International Corporation
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|
|
78,106
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|
|
|
85,406
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|
|
|
113,329
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Non-controlling interest
|
|
|
21,108
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|
|
|
22,934
|
|
|
|
32,703
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|
Total shareholders equity
|
|
|
99,214
|
|
|
|
108,340
|
|
|
|
146,032
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and shareholders equity
|
|
|
134,161
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|
|
|
137,297
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|
|
|
171,925
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|
|
|
|
|
|
|
|
|
|
|
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Vimicro International Corporation
Consolidated Statement Of
Operations And Comprehensive Loss
(Amounts expressed in thousands of
U.S. dollars, except number of
shares
and per share data)
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2012 Q1
(unaudited)
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|
|
2011 Q4
(unaudited)
|
|
|
2011 Q3
(unaudited)
|
|
|
2011 Q1
(unaudited)
|
|
|
2010 Q4
(unaudited)
|
|
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FY2011
(audited)
|
|
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FY2010
(audited)
|
|
|
|
|
|
|
|
|
|
Net revenue
|
|
|
11,570
|
|
|
|
16,427
|
|
|
|
20,917
|
|
|
|
12,112
|
|
|
|
21,325
|
|
|
|
63,656
|
|
|
|
76,459
|
|
|
|
|
|
|
|
|
|
Cost of revenue
|
|
|
(8,027
|
)
|
|
|
(10,784
|
)
|
|
|
(14,665
|
)
|
|
|
(8,046
|
)
|
|
|
(15,357
|
)
|
|
|
(42,932
|
)
|
|
|
(51,117
|
)
|
|
|
|
|
|
|
|
|
Gross profit
|
|
|
3,543
|
|
|
|
5,643
|
|
|
|
6,252
|
|
|
|
4,066
|
|
|
|
5,968
|
|
|
|
20,724
|
|
|
|
25,342
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development, net
|
|
|
(3,482
|
)
|
|
|
(5,097
|
)
|
|
|
(5,722
|
)
|
|
|
(4,831
|
)
|
|
|
(5,051
|
)
|
|
|
(21,326
|
)
|
|
|
(19,641
|
)
|
Selling and marketing
|
|
|
(2,476
|
)
|
|
|
(2,894
|
)
|
|
|
(3,445
|
)
|
|
|
(2,816
|
)
|
|
|
(1,993
|
)
|
|
|
(12,836
|
)
|
|
|
(6,221
|
)
|
General and administrative
|
|
|
(3,041
|
)
|
|
|
(3,727
|
)
|
|
|
(3,009
|
)
|
|
|
(3,046
|
)
|
|
|
(3,130
|
)
|
|
|
(12,735
|
)
|
|
|
(9,491
|
)
|
Assets impairment
|
|
|
|
|
|
|
(6,599
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(6,599
|
)
|
|
|
|
|
Total operating expenses
|
|
|
(8,999
|
)
|
|
|
(18,317
|
)
|
|
|
(12,176
|
)
|
|
|
(10,693
|
)
|
|
|
(10,174
|
)
|
|
|
(53,496
|
)
|
|
|
(35,353
|
)
|
Loss from operations
|
|
|
(5,456
|
)
|
|
|
(12,674
|
)
|
|
|
(5,924
|
)
|
|
|
(6,627
|
)
|
|
|
(4,206
|
)
|
|
|
(32,772
|
)
|
|
|
(10,011
|
)
|
|
|
|
|
|
|
|
|
Other income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income
|
|
|
90
|
|
|
|
111
|
|
|
|
210
|
|
|
|
187
|
|
|
|
220
|
|
|
|
673
|
|
|
|
1,071
|
|
Foreign exchange gain, net
|
|
|
36
|
|
|
|
340
|
|
|
|
617
|
|
|
|
274
|
|
|
|
259
|
|
|
|
1,678
|
|
|
|
634
|
|
Gain on disposal of marketable equity securities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
885
|
|
|
|
367
|
|
|
|
1,517
|
|
|
|
367
|
|
Others, net
|
|
|
1
|
|
|
|
473
|
|
|
|
9
|
|
|
|
4
|
|
|
|
94
|
|
|
|
501
|
|
|
|
466
|
|
|
|
|
|
|
|
|
|
Loss before income taxes and share of profit of an unconsolidated affiliate
|
|
|
(5,329
|
)
|
|
|
(11,750
|
)
|
|
|
(5,088
|
)
|
|
|
(5,277
|
)
|
|
|
(3,266
|
)
|
|
|
(28,403
|
)
|
|
|
(7,473
|
)
|
|
|
|
|
|
|
|
|
Income taxes benefit (expense) / benefit
|
|
|
(194
|
)
|
|
|
877
|
|
|
|
37
|
|
|
|
|
|
|
|
849
|
|
|
|
861
|
|
|
|
(750
|
)
|
|
|
|
|
|
|
|
|
Net loss before share of profit of an unconsolidated affiliate
|
|
|
(5,523
|
)
|
|
|
(10,873
|
)
|
|
|
(5,051
|
)
|
|
|
(5,277
|
)
|
|
|
(2,417
|
)
|
|
|
(27,542
|
)
|
|
|
(8,223
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss from continuing operations
|
|
|
(5,523
|
)
|
|
|
(10,873
|
)
|
|
|
(5,051
|
)
|
|
|
(5,277
|
)
|
|
|
(2,417
|
)
|
|
|
(27,542
|
)
|
|
|
(8,223
|
)
|
|
|
|
|
|
|
|
|
Loss from discontinued operations, net of income tax
|
|
|
|
|
|
|
(5,430
|
)
|
|
|
(2,311
|
)
|
|
|
(2,605
|
)
|
|
|
(5,876
|
)
|
|
|
(12,576
|
)
|
|
|
(16,884
|
)
|
|
|
|
|
|
|
|
|
Net loss
|
|
|
(5,523
|
)
|
|
|
(16,303
|
)
|
|
|
(7,362
|
)
|
|
|
(7,882
|
)
|
|
|
(8,293
|
)
|
|
|
(40,118
|
)
|
|
|
(25,107
|
)
|
|
|
|
|
|
|
|
|
Loss attributable to non-controlling interest
|
|
|
(1,847
|
)
|
|
|
(5,629
|
)
|
|
|
(2,096
|
)
|
|
|
(1,925
|
)
|
|
|
(2,110
|
)
|
|
|
(11,918
|
)
|
|
|
(6,463
|
)
|
|
|
|
|
|
|
|
|
Loss attributed to Vimicro International Corporation
|
|
|
(3,676
|
)
|
|
|
(10,674
|
)
|
|
|
(5,266
|
)
|
|
|
(5,957
|
)
|
|
|
(6,183
|
)
|
|
|
(28,200
|
)
|
|
|
(18,644
|
)
|
|
|
|
|
|
|
|
|
Other comprehensive income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation adjustment
|
|
|
36
|
|
|
|
920
|
|
|
|
1,176
|
|
|
|
346
|
|
|
|
942
|
|
|
|
3,309
|
|
|
|
2,535
|
|
Unrealized (loss)/gain on marketable equity securities
|
|
|
|
|
|
|
(401
|
)
|
|
|
|
|
|
|
(417
|
)
|
|
|
257
|
|
|
|
(1,368
|
)
|
|
|
913
|
|
|
|
|
|
|
|
|
|
Comprehensive loss
|
|
|
(5,487
|
)
|
|
|
(15,784
|
)
|
|
|
(6,186
|
)
|
|
|
(7,953
|
)
|
|
|
(7,094
|
)
|
|
|
(38,177
|
)
|
|
|
(21,659
|
)
|
Comprehensive loss attributable to non-controlling interest
|
|
|
(1,826
|
)
|
|
|
(5,406
|
)
|
|
|
(1,571
|
)
|
|
|
(1,601
|
)
|
|
|
(1,720
|
)
|
|
|
(10,444
|
)
|
|
|
(5,431
|
)
|
Comprehensive loss attributable to Vimicro International Corporation
|
|
|
(3,661
|
)
|
|
|
(10,378
|
)
|
|
|
(4,615
|
)
|
|
|
(6,352
|
)
|
|
|
(5,374
|
)
|
|
|
(27,733
|
)
|
|
|
(16,228
|
)
|
|
|
|
|
|
|
|
|
Loss per share - basic and diluted
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
continuing operations
|
|
|
(0.03
|
)
|
|
|
(0.04
|
)
|
|
|
(0.02
|
)
|
|
|
(0.02
|
)
|
|
|
(0.00
|
)
|
|
|
(0.10
|
)
|
|
|
(0.02
|
)
|
discontinued operations
|
|
|
0.00
|
|
|
|
(0.04
|
)
|
|
|
(0.02
|
)
|
|
|
(0.02
|
)
|
|
|
(0.04
|
)
|
|
|
(0.09
|
)
|
|
|
(0.11
|
)
|
Loss per share - basic and diluted
|
|
|
(0.03
|
)
|
|
|
(0.08
|
)
|
|
|
(0.04
|
)
|
|
|
(0.04
|
)
|
|
|
(0.04
|
)
|
|
|
(0.19
|
)
|
|
|
(0.13
|
)
|
|
|
|
|
|
|
|
|
Loss per ADS Basic and Diluted
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
continuing operations
|
|
|
(0.11
|
)
|
|
|
(0.15
|
)
|
|
|
(0.08
|
)
|
|
|
(0.09
|
)
|
|
|
(0.01
|
)
|
|
|
(0.43
|
)
|
|
|
(0.04
|
)
|
discontinued operations
|
|
|
0.00
|
|
|
|
(0.16
|
)
|
|
|
(0.06
|
)
|
|
|
(0.07
|
)
|
|
|
(0.16
|
)
|
|
|
(0.35
|
)
|
|
|
(0.46
|
)
|
Loss per ADS - basic and diluted
|
|
|
(0.11
|
)
|
|
|
(0.31
|
)
|
|
|
(0.14
|
)
|
|
|
(0.16
|
)
|
|
|
(0.17
|
)
|
|
|
(0.78
|
)
|
|
|
(0.50
|
)
|
|
|
|
|
|
|
|
|
Weighted average number of ordinary shares outstanding
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and Diluted
|
|
|
134,898,768
|
|
|
|
140,005,158
|
|
|
|
146,852,718
|
|
|
|
146,812,413
|
|
|
|
147,977,60-
|
|
|
|
145,123,889
|
|
|
|
147,815,985
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of ADS outstanding
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and Diluted
|
|
|
33,724,692
|
|
|
|
35,001,289
|
|
|
|
36,713,179
|
|
|
|
36,703,103
|
|
|
|
36,994,400
|
|
|
|
36,280,972
|
|
|
|
36,953,996
|
|
|
|
|
|
|
|
|
|
Components of share-based compensation expenses are included in the following expense captions:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
R&D
|
|
|
(83
|
)
|
|
|
(93
|
)
|
|
|
(165
|
)
|
|
|
(327
|
)
|
|
|
(461
|
)
|
|
|
(782
|
)
|
|
|
(1,918
|
)
|
S&M
|
|
|
(20
|
)
|
|
|
(14
|
)
|
|
|
(15
|
)
|
|
|
(24
|
)
|
|
|
(39
|
)
|
|
|
(80
|
)
|
|
|
(190
|
)
|
G&A
|
|
|
(77
|
)
|
|
|
(76
|
)
|
|
|
(450
|
)
|
|
|
(559
|
)
|
|
|
(384
|
)
|
|
|
(1,559
|
)
|
|
|
(1,955
|
)
|
Total
|
|
|
(180
|
)
|
|
|
(183
|
)
|
|
|
(630
|
)
|
|
|
(910
|
)
|
|
|
(884
|
)
|
|
|
(2,421
|
)
|
|
|
(4,063
|
)
|
Reconciliations of non-GAAP results of operations measures to the nearest comparable GAAP measures
(*)
(Amounts expressed in thousands of U.S. dollars, except number of shares and per share data, unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
|
|
|
Three months ended
|
|
|
Three months ended
|
|
|
Three months ended
|
|
|
|
March 31,
|
|
|
December 31,
|
|
|
September 30,
|
|
|
March 31,
|
|
|
|
2012
|
|
|
2011
|
|
|
2011
|
|
|
2011
|
|
|
|
GAAP
Result
|
|
|
Adjustment
|
|
|
Non-GAAP
Results
|
|
|
GAAP
Result
|
|
|
Adjustment
|
|
|
Non-GAAP
Results
|
|
|
GAAP
Result
|
|
|
Adjustment
|
|
|
Non-GAAP
Results
|
|
|
GAAP
Result
|
|
|
Adjustment
|
|
|
Non-GAAP
Results
|
|
Loss from operations
|
|
|
(5,456
|
)
|
|
|
180
|
|
|
|
(5,276
|
)
|
|
|
(12,674
|
)
|
|
|
183
|
|
|
|
(12,491
|
)
|
|
|
(5,924
|
)
|
|
|
630
|
|
|
|
(5,294
|
)
|
|
|
(6,627
|
)
|
|
|
910
|
|
|
|
(5,717
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss attributed to Vimicro International Corporation
|
|
|
(3,676
|
)
|
|
|
180
|
|
|
|
(3,496
|
)
|
|
|
(10,674
|
)
|
|
|
183
|
|
|
|
(10,491
|
)
|
|
|
(5,266
|
)
|
|
|
630
|
|
|
|
(4,636
|
)
|
|
|
(5,957
|
)
|
|
|
910
|
|
|
|
(5,047
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from continuing operations per ADS(**)
|
|
|
(0.11
|
)
|
|
|
0.01
|
|
|
|
(0.10
|
)
|
|
|
(0.15
|
)
|
|
|
0.01
|
|
|
|
(0.14
|
)
|
|
|
(0.08
|
)
|
|
|
0.02
|
|
|
|
(0.06
|
)
|
|
|
(0.09
|
)
|
|
|
0.02
|
|
|
|
(0.07
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
|
|
|
Twelve months ended
|
|
|
Twelve months ended
|
|
|
|
December 31,
|
|
|
December 31,
|
|
|
December 31,
|
|
|
|
2010
|
|
|
2011
|
|
|
2010
|
|
|
|
GAAP
Result
|
|
|
Adjustment
|
|
|
Non-GAAP
Results
|
|
|
GAAP
Result
|
|
|
Adjustment
|
|
|
Non-GAAP
Results
|
|
|
GAAP
Result
|
|
|
Adjustment
|
|
|
Non-GAAP
Results
|
|
Loss from operations
|
|
|
(4,206
|
)
|
|
|
884
|
|
|
|
(3,322
|
)
|
|
|
(32,772
|
)
|
|
|
2,421
|
|
|
|
(30,351
|
)
|
|
|
(10,011
|
)
|
|
|
4,063
|
|
|
|
(5,948
|
)
|
|
|
|
|
|
|
|
|
|
|
Loss attributed to Vimicro International Corporation
|
|
|
(6,183
|
)
|
|
|
884
|
|
|
|
(5,299
|
)
|
|
|
(28,200
|
)
|
|
|
2,421
|
|
|
|
(25,779
|
)
|
|
|
(18,644
|
)
|
|
|
4,063
|
|
|
|
(14,581
|
)
|
|
|
|
|
|
|
|
|
|
|
Loss from continuing operations per
ADS(**)
|
|
|
(0.01
|
)
|
|
|
0.02
|
|
|
|
0.01
|
|
|
|
(0.43
|
)
|
|
|
0.07
|
|
|
|
(0.36
|
)
|
|
|
(0.04
|
)
|
|
|
0.11
|
|
|
|
0.07
|
|
(*)
|
The adjustment is to exclude non-cash share-based compensation for employees and non-employees.
|
(**)
|
Loss per ADS refers to continuing operations
|
(MM) (NASDAQ:VIMC)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
(MM) (NASDAQ:VIMC)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024